Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Malath Cooperative Insurance and Reinsurance down 5.7% in 2 days 25 July 2017 16:47 AST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

This is an end of day Alert, produced after today's Saudi Arabian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Malath Cooperative Insurance and Reinsurance, Saudi Arabia's 29th largest insurance company by market capitalisation, extended its slide on Tuesday, shedding an additional 81.0 hallalah (or 3.2%) to trade at SAR24.47. Trading volume was 1.2 times average at the end of the day.

Technical indicators complementing today's significant downtrend:

+ In the last three months the stock has hit a new 52-week low twice.

+ The present value of SAR1,000 invested one year ago is SAR602 [vs SAR1,109 for the All Share Index (TASI)].

Note

Bullish Signals:

The positive 1.72 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The stock has outperformed 89% of the Saudi Arabian market over the past 6 months.

The price soared 15.4% in the last week and 30.7% in the last month.

Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is undervalued and ranks in the top 3% of stock by value of Q Ratio.

TODAY'S ALERT

Afternoon Alert: Malath Cooperative Insurance and Reinsurance down 4.8% in 2 days

25 July 2017 14:34 AST

Malath Cooperative Insurance and Reinsurance Company (TASI:8020) extended its slide on Tuesday, shedding an additional 58.0 hallalah (or 2.3%) to trade at SAR24.70. Trading volume was 52% of average so far today.

RECENT ALERTS

Afternoon Alert: Malath Cooperative Insurance and Reinsurance in 6th consecutive rise, nears a 15-month high

24 July 2017 14:34 AST

Malath Cooperative Insurance and Reinsurance Company (TASI:8020) extended its gains Monday, rising an additional 6.0 hallalah (or 0.2%) to trade at SAR26.0. The stock jumped 6.36% on Thursday and 8.49% on Sunday bringing its 6-day rise to 38.1%. It is now approaching its 307-day high of SAR26.70.

CLOSING UPDATE: Malath Cooperative Insurance and Reinsurance keeps rising: up 37.8% in 5 days

23 July 2017 16:47 AST

Malath Cooperative Insurance and Reinsurance, Saudi Arabia's 28th largest insurance company by market capitalisation, extended its gains on Sunday, rising an additional SAR2.03 (or 8.5%) to trade at SAR25.94. Trading volume was 2.9 times average at the end of the day. The shares have risen SAR7.11 (or 37.8%) over the past five trading days vs. the All Share Index (TASI) which has fallen 1.2% in the same period.

Malath Cooperative Insurance and Reinsurance Company (SA:8020; SAU:8020; AB:8020)

ISIN: SA000A0MJ2J4

PermID: 4295887362

Source: www.BuySellSignals.com